A consumer product magazine recently ran a story concerning the increasing prices of digital cameras. The story stated that digital camera prices dipped a couple of years ago, but are nOW beginning to increase in price because of added features. According to the story, the average price of all digital cameras a couple of years ago was $215.00. A random sample of cameras was recently taken and entered into a spreadsheet. It was desired to test to determine if that average price of all digital cameras is now more than $215.00. What null and alternative hypothesis should be tested? 9.

MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
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Chapter1: Starting With Matlab
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A consumer product magazine recently ran a story concerning the increasing prices of digital
cameras. The story stated that digital camera prices dipped a couple of years ago, but are nOW
beginning to increase in price because of added features. According to the story, the average price
of all digital cameras a couple of years ago was $215.00. A random sample of cameras was
recently taken and entered into a spreadsheet. It was desired to test to determine if that average
price of all digital cameras is now more than $215.00. What null and alternative hypothesis
should be tested?
9.
Transcribed Image Text:A consumer product magazine recently ran a story concerning the increasing prices of digital cameras. The story stated that digital camera prices dipped a couple of years ago, but are nOW beginning to increase in price because of added features. According to the story, the average price of all digital cameras a couple of years ago was $215.00. A random sample of cameras was recently taken and entered into a spreadsheet. It was desired to test to determine if that average price of all digital cameras is now more than $215.00. What null and alternative hypothesis should be tested? 9.
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